Page 13 - AsiaElec Week 18 2022

AsiaElec NEWSBASE’S POWER ROUNDUP GLOBAL (NRG POWER) AsiaElec

NewsBase’s Power Roundup

Global [NRG Power]

POWER WELCOME to NewsBase’s Power Roundup is only half the size it should be for Europe to
Global (NRG Power), in which the reader is reach its new climate change and energy secu-
invited to join our team of international editors, rity targets, says the trade group.
who provide a snapshot of some of the key issues
affecting their regional beats. We hope you will like
NRG Power’s new concise format, but by clicking ENERGO: Finland terminates nuclear power
on the headline link for each section the full text plant with Russian Rosatomt
will be available. Finnish Fennovoima has announced it is termi-
nating the contract for the delivery of the Han-
AfrElec: South Africa’s green funding negotiator hikivi 1 nuclear power plant with Russian nu-
hopes deal with funders will be a model worth clear power agency Rosatom due to “significant
emulating delays and inability to deliver the project”, while
The head of a team negotiating for an $8.5bn cli- noting that “the war in Ukraine has worsened
mate finance deal to help South Africa switch to the risks for the project”. As suggested previ-
cleaner energies says they want the arrangement ously by bne IntelliNews, Russian State Atom-
to be a model for other nations largely depend- ic Energy Corporation (Rosatom) is likely to
ent on coal to produce electricity.Africa’s most see a number of its projects abroad suspended
advanced economy is negotiating for the funding following Russia’s military invasion of Ukraine
committed by the US, the UK, Germany, France ordered by President Vladimir Putin on Febru-
and the European Union at the COP26 climate ary 24, including the€7-7.5bn Hanhikivi-1 (1.2-
talks in Glasgow (Scotland) in November 2021. GW) project.

REM: Europe invested €41bn in new wind
farms in 2021, says WindEurope
Europe invested €41bn ($43bn) in 2021 in new
wind farms, says WindEurope. But the market

Week 18 04•May•2022 www. NEWSBASE .com P13